LAIQON AG Sets Course for Growth with Major Acquisition

LAIQON AG has experienced a turbulent H1, with sales declining by 4% year-on-year, despite an 8% increase in Assets under Management (AuM). The decrease in sales is attributed to the phase-out of sold business units. However, a government research grant improved EBITDA to € -0.8m versus € -2.9m in H1 2024.

Significantly, LAIQON's acquisition of € 2.5 billion AuM from MainFirst is expected to drive profitability. The deal promises € 14 million in additional revenue annually, and it is financed through cash flows and a new € 10 million bond. Projections suggest a substantial 55% increase in H2 sales and a positive EBITDA of € 3 million, largely due to this acquisition.

Looking ahead, LAIQON forecasts AuM growth to € 10-11.5 billion by year-end 2025, with ambitions to reach € 15 billion by 2028. With expanding international presence and strategic initiatives like launching an AI-managed ETF, the company anticipates significant financial milestones, justifying a "BUY" recommendation.